Free ATM's are about to flood New York City and banks across America are going to be watching to see how this idea pans out.

Rather than charge fees to access your money, these free ATM's show an advertisement while cash is being dispensed. The transactions don't take any more or less time than a normal atm transaction would.

The ATM's will be rolled out on September 28th. Whether we see the machines in our neighborhood depends on how well they work in the Big Apple.

The 27 year old CEO and founder of Free ATM Inc, Clinton Townsend, said he came up with the idea as a way to help people in this struggling economy avoid ATM fees.